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Event Information

Date and Time

Location

No.1 Jalan Utarid U5/13 Section U5

Kuala Lumpur, Selangor 40150

Malaysia

Event description

Description

The course is designed for

This course is designed for participants who are new to Strategic OpEx Management (SOM) and those who have been operating in an Asset, Operations, Maintenance or cost/planning role for some time but would like to update their knowledge to the latest proven techniques in SOM/asset management practices.

Asset/Operations/Maintenance/SOM Project Managers

Finance Managers

Heads of Department

Team Leaders/Supervisors

The principles in this course, although focused for upstream oil and gas, are equally applicable for downstream and utility businesses.

Learning Objectives

To understand how the SOM process methodology affects your business performance proactively and how to reduce OpEx costs

To review how various Planning types integrate into dynamic business lifecycle models

To understand when to apply strategic cost management at various phases of the E&P lifecycle

To understand how Activity Based Cost (ABC) modelling provides transparency to challenge the cost drivers

To be able to conduct a Strengths Weaknesses Opportunities and Threats (SWOT) analysis to assist in scenario and “what-if” modelling

To be capable of conducting asset performance reviews

Course outline

Strategic Opex Management (SOM)

E&P economic environmentStrategic OpEx ManagementE&P Life cycle and components of SOMCompany’s business and corporate planning models

SOM Planning and Management of Risk Process

Introduction and importance of planning types (Tactical, Operational and Strategic)Discussion and examples of the various planning typesAlignment with Life of field (Asset) plansActivity Based Costing in the SOM processRisk Management in SOMVenture life cycle concepts

SOM and Life of Field Manuscripts

Collaborative team working and individual rolesBusiness Plans and Asset environmentAlignment with Operations strategiesLife of Asset key events calendar and strategic reviews

SOM Performance Management

Asset performance and Value driver modelsTarget setting and benchmarking Operations performanceCost reduction ProcessReview future of existing assets and SWOT processEnd of Field Life analysis including late life optimisation